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Global Automotive Transmission Market Report and Forecast 2024-2032
Market Report I 2024-06-20 I 163 Pages I EMR Inc.
Global Automotive Transmission Market Report and Forecast 2024-2032
Market outlook
According to the report by Expert Market Research (EMR), the automotive transmission market size reached a value of USD 138.01 billion in 2023. Aided by the increasing demand for fuel-efficient vehicles and the growing applications of advanced transmission systems in various vehicle segments, the market is projected to further grow at a CAGR of 6.3% between 2024 and 2032 to reach a value of USD 239.38 billion by 2032.
Automotive transmission is a crucial component of a vehicle's drivetrain, responsible for transmitting power from the engine to the wheels. It plays a vital role in determining the vehicle's performance, fuel efficiency, and driving experience. The increasing consumer preference for fuel-efficient and high-performance vehicles is driving the automotive transmission market growth. With the growing awareness of the environmental impact of fuel consumption, there has been a significant shift towards the adoption of advanced transmission systems that offer better fuel efficiency and reduced emissions. Additionally, the rising trend of electric and hybrid vehicles has further contributed to the increasing popularity of innovative transmission systems, such as continuously variable transmissions (CVTs) and dual-clutch transmissions (DCTs).
The expanding applications of advanced transmission systems in various vehicle segments also play a significant role in propelling the market. In passenger cars, advanced transmission systems are used to enhance driving comfort, fuel efficiency, and performance. In commercial vehicles, these systems help in improving payload capacity, durability, and overall operational efficiency. The growing demand for high-quality and durable transmission systems across these segments is boosting the market growth.
Moreover, advancements in transmission technology are driving innovation and development in the market. The introduction of new technologies, such as electronic control units (ECUs) and automated manual transmissions (AMTs), has enhanced the efficiency and performance of transmission systems. These advancements enable the development of high-performance transmissions with improved shifting capabilities, reduced weight, and enhanced fuel efficiency. The growing adoption of advanced transmission technologies is driving the market growth and consequently drives automotive transmission market share.
The growing focus on sustainability and environmental regulations is also contributing to the market growth. With the increasing emphasis on reducing carbon emissions and promoting sustainable practices, there is a significant demand for eco-friendly transmission systems. The adoption of electric and hybrid vehicles, which require specialised transmission systems, is gaining traction, helping in reducing the environmental footprint of the automotive sector. The rising demand for sustainable and eco-friendly transmission systems is driving the adoption of advanced transmission technologies.
The regulatory environment plays a crucial role in shaping the market. Governments and regulatory bodies across the world are actively supporting the development and deployment of advanced transmission systems. Various regulations and standards, such as the European Union's Euro 6 emission standards and the United States Corporate Average Fuel Economy (CAFE) standards, are promoting the use of fuel-efficient and low-emission transmission systems. These regulatory efforts are providing a favourable environment for the growth of the market.
As per the automotive transmission market analysis, the automatic transmission segment holds a significant share of the market, driven by its widespread use in passenger cars and light commercial vehicles. Automatic transmissions offer enhanced driving comfort, ease of use, and better fuel efficiency, making them a popular choice among consumers.
Automatic transmissions provide smooth and seamless gear shifts, enhancing the driving experience. The growing demand for comfortable and convenient driving solutions is driving the popularity of automatic transmissions. Advanced automatic transmissions, such as CVTs and DCTs, offer better fuel efficiency compared to traditional manual transmissions. The increasing emphasis on fuel economy and reduced emissions is driving the adoption of automatic transmissions.
Market Segmentation
The market can be divided based on transmission type, fuel type, vehicle type, and region
Market Breakup by Transmission Type
- Manual Transmission
- Automatic Transmission
- Continuously Variable Transmission (CVT)
- Semi-Automatic Transmission
- Others
Market Breakup by Fuel Type
- Petrol
- Diesel
- CNG
Market Breakup by Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global automotive transmission market. some of the major players explored in the report by expert market research are as follows:
- Magna International Inc.
- Aisin Corporation
- BorgWarner Inc.
- Continental AG
- Eaton Corporation plc
- Schaeffler AG
- ZF Friedrichshafen AG
- Allison Transmission, Inc.
- JATCO Ltd.
- Aichi Machine Industry Co., Ltd.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Automotive Transmission Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Transmission Historical Market (2018-2023)
8.3 Global Automotive Transmission Market Forecast (2024-2032)
8.4 Global Automotive Transmission Market by Transmission Type
8.4.1 Manual Transmission
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Automatic Transmission
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Continuously Variable Transmission (CVT)
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Semi-Automatic Transmission
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Automotive Transmission Market by Fuel Type
8.5.1 Petrol
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Diesel
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 CNG
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Automotive Transmission Market by Vehicle Type
8.6.1 Passenger Cars
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Light Commercial Vehicles
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Heavy Commercial Vehicles
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Automotive Transmission Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Automotive Transmission Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Automotive Transmission Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Automotive Transmission Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Automotive Transmission Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Automotive Transmission Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Magna International Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Aisin Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 BorgWarner Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Continental AG
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Eaton Corporation plc
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Schaeffler AG
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 ZF Friedrichshafen AG
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Allison Transmission, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 JATCO Ltd.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Dana Incorporated
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Aichi Machine Industry Co., Ltd.
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Transmission Market: Key Industry Highlights, 2018 and 2032
2. Global Automotive Transmission Historical Market: Breakup by Transmission Type (USD Billion), 2018-2023
3. Global Automotive Transmission Market Forecast: Breakup by Transmission Type (USD Billion), 2024-2032
4. Global Automotive Transmission Historical Market: Breakup by Fuel Type (USD Billion), 2018-2023
5. Global Automotive Transmission Market Forecast: Breakup by Fuel Type (USD Billion), 2024-2032
6. Global Automotive Transmission Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
7. Global Automotive Transmission Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
8. Global Automotive Transmission Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Automotive Transmission Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Automotive Transmission Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Automotive Transmission Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Automotive Transmission Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Automotive Transmission Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Automotive Transmission Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Automotive Transmission Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Automotive Transmission Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Automotive Transmission Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Automotive Transmission Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Automotive Transmission Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Automotive Transmission Market Structure
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